Plimoth Trust Co. LLC Has $2.99 Million Stock Holdings in Union Pacific Corporation $UNP

Plimoth Trust Co. LLC increased its position in Union Pacific Corporation (NYSE:UNP) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,987 shares of the railroad operator’s stock after buying an additional 498 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Union Pacific were worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Vest Financial LLC raised its stake in shares of Union Pacific by 45.4% during the first quarter. Vest Financial LLC now owns 6,992 shares of the railroad operator’s stock valued at $1,652,000 after acquiring an additional 2,183 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in Union Pacific by 13.2% in the first quarter. SeaCrest Wealth Management LLC now owns 2,610 shares of the railroad operator’s stock valued at $617,000 after purchasing an additional 304 shares during the period. Perennial Advisors LLC increased its holdings in Union Pacific by 1.9% in the first quarter. Perennial Advisors LLC now owns 35,462 shares of the railroad operator’s stock valued at $8,378,000 after purchasing an additional 668 shares during the period. Wedmont Private Capital raised its position in Union Pacific by 10.4% during the 1st quarter. Wedmont Private Capital now owns 5,135 shares of the railroad operator’s stock worth $1,122,000 after purchasing an additional 485 shares during the last quarter. Finally, Revolve Wealth Partners LLC lifted its holdings in Union Pacific by 5.7% during the 1st quarter. Revolve Wealth Partners LLC now owns 1,064 shares of the railroad operator’s stock worth $251,000 after buying an additional 57 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

NYSE:UNP opened at $236.60 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a fifty day moving average of $223.67 and a 200-day moving average of $224.44. The firm has a market capitalization of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the company posted $2.74 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $1.38 dividend. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.3%. Union Pacific’s dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent research reports. BMO Capital Markets increased their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Saturday, September 27th. Susquehanna restated a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.